Enea has acquired Aptilo Networks, a provider of policy and access control solutions for carrier Wi-Fi and IoT (Internet of Things), for SEK 92 million.
Aptilo, headquartered in Stockholm, Sweden, is estimated to generate sales of approximately SEK 88 million for the full year 2020. Aptilo, founded in 2001, has sales offices in Dallas, USA, and Kuala Lumpur, Malaysia.
Aptilo’s solutions have been deployed by more than 100 operators in 75 countries and are sold both directly to operators and indirectly through technology and channel partners.
More than half of Aptilo’s total revenue is recurring, and the products are sold either as software licenses, as managed services, or in a cloud-based SaaS (software as a service) model to a growing number of customers.
Jan Haglund, president and CEO of Enea, said: “Aptilo is a leader in Wi-Fi and IoT connectivity management. The acquisition strengthens our data management portfolio, expands our reach with existing and new customers, and creates interesting business opportunities in the fields of 5G, Internet of Things, and SaaS.”
Aptilo’s product is the Aptilo Service Management Platform (SMP), a carrier-class system for management of data services, with advanced functions for policy and access control. Aptilo SMP is used in deployments of carrier Wi-Fi, while Aptilo SMP IoT is a solution for connectivity and security management over both cellular and Wi-Fi technologies.
Paul Mikkelsen, CEO of Aptilo, said: “Our solutions will be an excellent addition to Enea’s core network portfolio, as the combination of 5G and Wi-Fi 6 creates a strong and unique offering to the market.”
Aptilo will continue to operate under its own brand as a business unit within Enea, and the business unit will be headed by Paul Mikkelsen.